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The end is in sight. After six weeks of back-to-back-to-back-to-back conferences, there is a light at the end of the tunnel.
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Rates and deductibles are increasing and wordings are under scrutiny as market reacts to losses.
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Typhoon Hagibis looks bad, although whether it is bad enough remains to be seen.
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The software will be used to help set global data standards for the industry.
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The book is currently being overseen by CUO Richard Coulson, but sources expect a team to be recruited. -
One of my major take-aways from last week’s Wholesale and Specialty Insurance Association (WSIA) conference in San Diego was that there is a sense Lloyd’s has missed an opportunity in the US.
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The non-admitted market is expected to harden further.
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Further rate rises “aren’t just a nice to have”, Markel’s co-CEO said on Thursday.
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Few market participants would argue against the statement that commercial (re)insurance in many of the major established markets is in a state of flux at present.
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The level of restructuring of coverage in the quarter and the breakdown of price increases by month point to a change in risk appetite.
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The Insurance Insider gives you a run-down of everything you need to know from the reinsurance conference.
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CEO Joe England blames “difficult market conditions” for the decision.
